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The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.
A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oilsand. Oilsands exploration in Xing’an region.
Statoil has agreed to sell a 40% interest in its oilsands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Future development of the oilsands leases will proceed in a stepwise manner.
Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oilsands after initiating steam injection in September 2010, one month ahead of schedule.
The Alberta Biodiversity Monitoring Institute (ABMI) released the first comprehensive report on the status of Alberta’s species in the Athabasca OilSands Area (AOSA). It also contains the Athabasca oilsands deposit, which represents 77% of Canada’s proven oil reserves and supports a growing energy extraction sector. “
Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oilsands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.
The US State Department has issued a Presidential Permit to Enbridge Energy, Limited Partnership to enable construction of the Alberta Clipper pipeline for the transport of crude oil from the Canadian oilsands to US refineries. This week, the RFA happened to issue two pieces, each touching on the impact of oilsands production.
ConocoPhillips remains active in oilsands production through its Foster Creek, Christina Lake and Surmount SAGD (steam assisted gravity drainage) projects. The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent. —Jim Mulva, chairman and chief executive officer, ConocoPhillips.
The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oilsands facility into commercial products such as biofuels. Click to enlarge.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Approximately 80% of that production will be from the oilsands. The agreement with Total is an important element of Suncor’s plans to more than double our oilsands production.
Under the terms of the agreements to be executed at closing providing for the formation of the Joint Venture, Penn West will contribute the oilsands assets, valued at approximately C$1.8 Headquartered in Beijing, CIC was founded in September 2007, as a wholly state-owned company incorporated in accordance with China’s Company Law.
A new study released by Global Forest Watch Canada finds that significant amounts of greenhouse gases are emitted through the disturbance and/or removal of biocarbon (trees, shrubs, peats), which overlay Alberta’s oilsands. Canada’s total emissions for 2007 were 747 megatonnes CO 2 eq from all sources and Canada’s Kyoto target is 558.4
Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oilsands leases in Alberta, Canada. In order to facilitate the oilsands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oilsands leases. The Whiting upgrade is planned to come on-stream in 2012.
Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oilsands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.
a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oilsands mining project in Alberta, Canada. we will benefit from the experience of a leading partner, whose expertise in the mining operation of oilsands is well recognized.
Gerrit Voordouw at the University of Calgary, will sample and explore the biological processes at work in oil wells, oilssands, tailings ponds, and coal beds. In 2007, BP and Synthetic Genomics—founded by genome pioneer J Craig Venter, Ph.D.—entered Tags: Biotech Oilsands. Genome Alberta announced C$25.2
Athabasca OilSands Corp. Oilsands projects are very capital-intensive long-term investments and difficult to fully finance in the traditional equity market. As joint venture partners, AOSC and PetroChina International intend to use common in-situ methods to develop their oilsands projects. billion (US$1.7
Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. The decision will mostly benefit Tatneft, LUKoil and Alliance Oil, according to the report. Natural bitumen is oil having a viscosity greater than 10,000 cP.
Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. The field was discovered in 1981 and Statoil entered the license as operator in 2007 with the aim of finally unlocking the resources. The heavy oil project will require pioneering technology in order to be developed.
The Northern Lights OilSands Project is located approximately 100 kilometers (62 miles) northeast of Fort McMurray, Alberta. Total says that it is strongly committed to this project, which is in line with the Group’s strategy of developing non-traditional oil fields to provide long-term production capacities. Earlier post.).
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
is one of the largest non-partnered holders of oilsands leases by area in the Athabasca oilsands region. Since its incorporation on 22 February 2007, Sunshine has secured more than 464,897 hectares (1,189,762 acres) of oilsands leases (equal to approximately 7% of all granted leases in this area).
Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% BHP Billiton has a 23.9%
Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Junin 5 is located in the Orinoco Oil Belt, specifically between Guarico and Anzoategui states. Click to enlarge.
To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4
The US Department of the Interior (DOI) is offering additional opportunities for energy companies to conduct oil shale research, development and demonstration (RD&D) projects on public lands in Colorado, Utah, and Wyoming. Earlier post.) The allotted acreage for commercial development represents an 87.5% Earlier post.) Earlier post.)
has secured an exploration agreement for lands in Wyoming and rights to a separate oil shale resource opportunity in Colorado. Collectively, the agreements will allow the company to test and develop the company’s in situ superheated air gasification process to recover hydrocarbons from oil shale, oilsands and heavy oil.
Encana Oil & Gas (USA) Inc., Encana said that the EPA data from existing domestic water wells aligned with all previous testing done by Encana in the area and showed no impacts from oil and gas development. The natural accumulations of gas and water are in discontinuous (unconnected) sand pockets. Earlier post.)
Map of the assessment units (AUs) of the CARA is color-coded for mean estimated undiscovered oil. The US Geological Survey (USGS) has completed a geologically-based assessment of the oil and gas resource potential of the Arctic, the Circum-Arctic Resource Appraisal (CARA). Black lines indicate AU boundaries. Source: USGS CARA.
594, the Energy Independence and Security Act of 2007 (EISA) §§ 201 et seq., California’s LCFS also would have little or no impact on GHG emissions nationwide and would harm our nation’s energy security by discouraging the use of Canadian crude oil—our nation’s largest source of crude—and ethanol produced in the American Midwest.
Backed by a $25-million US Department of Energy (DOE) award, the Honeywell UOP Integrated Biorefinery will utilize rapid thermal processing (RTP) technology ( earlier post ) to convert biomass into a pourable, liquid bio-oil (pyrolysis oil). approx 75 wt%) of liquid bio-oil from residual forestry or agricultural biomass.
Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates. Harmonize global LCFS policies.
Houston-based Ingrain , a provider of digital rock physics services to oil and gas companies worldwide, is now using a Carl Zeiss SMT AURIGA CrossBeam workstation to improve the analysis of shale rock’s porosity and permeability in order to more accurately predict the shale’s suitability for the commercial extraction of oil or gas.
Volkswagen first launched the EA888 engine generation in spring 2007 (Gen 1). Other features include a new, lighter turbocharger/cylinder head assembly; the use of lightweight polymers for the oil pan, and use of aluminum for various screws and fasteners. Click to enlarge. Intake and injection.
Optimal use of clean energy is especially important in Alberta, the Canadian province with the highest amount of thermally generated power in Canada and also home to the majority of oil-sands production. More than 90% of electricity in Alberta is produced by methods that emit greenhouse gases: burning coal, oil or natural gas.
World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.
Damages are expressed in cents per VMT (2007 USD). Transportation, which today relies almost exclusively on oil, accounts for nearly 30% of US energy demand. Source: “Hidden Costs of Energy”. Click to enlarge. Damages from motor vehicles and fuels. of the estimated total.
In 2007, BP and Lawrence Livermore National Laboratory (LLNL) have signed a technical agreement to work cooperatively on the development of UCG technology for the in-situ conversion of coal deposits into fuels and other products. Earlier post.). Start-up is planned for 2012.
While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations. The researchers expect to finish the larger report in August 2014; the study is sponsored by The Cyprus Research Promotion Foundation. Click to enlarge. Background.
Processes such as oil extraction from sources such as tar sands and deep-water offshore oil wells, as well as the expansion of first-generation biofuels such as corn-based ethanol are setting the stage for a “ water/energy collision ” of resource management policies. Climate change. Electronics.
However, the slow pace of negotiations spurred UNFCCC delegates to publish a “roadmap to Copenhagen” in December 2007 at the 13 th Congress in Bali, in an effort to accelerate the progress of those negotiations.
They deliberately suppressed and illegally covered up the EPA’s 2007 ENDANGERMENT FINDING that said the government should begin regulating greenhouse gas emissions because global warming posed serious risks to the country. Stop pretending and sticking your head in the sand – you’re only exposing a large target when you do that.
Several global indicators on the supply of oil and the known carbon pollution environmental damages its caused all lead us to find cleaner ways of transportation. You also repeat the "peak oil" argument that Ive been reading since the 60s. We have oil! Think Bakken and Alberta sands.
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